Research

Publications

  1. “Bondholder Governance, Takeover Likelihood, and Division of Gains”, 2023, (with Aysun Alp Paukowits and Uğur Çelikyurt), Journal of Corporate Finance, vol. 79, 102383.
  2. “Are Blockchain and Cryptocurrency M&As Harder to Close?”, 2023, (with Şerif Aziz Şimşir), Finance Research Letters, vol. 52, 103500.
    • Featured in The FinReg Blog by the Duke Financial Economics Center at Duke University (December 29, 2022).
  3. “SPACs and the Regulation Gap: The Effect of First SEC Intervention on Share and Warrant Returns”, 2022, (with Merve Meriç Yılmaz and Şerif Aziz Şimşir), Finance Research Letters, vol. 50, 103316.
  4. “Supply of Credit and Corporate Bond Covenants”, 2022, (with Aysun Alp Paukowits), Journal of Corporate Finance, vol. 72, 102157.
  5. “The Effect of Unionization on Industry Merger Activity Around Negative Economy-wide Shocks”, 2021, (with Nihat Aktaş and Şerif Aziz Şimşir), International Review of Financial Analysis, vol. 76, 101799.
  6. “The Impact of Debt Covenants on Earnings Announcement Returns”, 2021, (with Yiğit Atılgan), Applied Economics, vol. 53-50, pp. 5826-42.
  7. “Stock Price Reaction to Debt Offerings: The Turkish Evidence”, 2021, (with Burcu Avcı and Şerif Aziz Şimşir), Emerging Markets, Finance, and Trade, vol. 57-11, pp. 4070-88.
  8. “The Relationship of G-Index and Convertible Debt Issuance in the Presence of Restrictive Covenants”, 2020, (with Aysun Alp Paukowits and Uğur Çelikyurt), International Review of Economics and Finance, vol. 70-5, pp. 373-90.
  9. “Credit Risk and Governance: Evidence from Credit Default Swap Spreads”, 2016, (with Aysun Alp), Finance Research Letters, vol. 17, pp. 211-217.
  10. “Product Markets and Corporate Investment: Theory and Evidence”, 2012, (with Peter MacKay), Journal of Banking and Finance vol. 36, pp. 439-453.
  11. “Value-Maximizing Managers, Value-Increasing Mergers and Overbidding”, 2011, Journal of Financial and Quantitative Analysis, vol. 46-1, pp. 83-110.
  12. “Gaining a Competitive Edge through Acquisitions: Evidence from the Telecommunications Industry”, 2009, Journal of Corporate Finance, vol. 15-1, pp. 99-112.
  13. “Investment and Competition”, 2008, (with Peter MacKay), Journal of Financial and Quantitative Analysis, vol. 43-2, pp. 299-330.

Working Papers

  1. “Private Equity Directors in Public Firms”, 2023, (with Uğur Çelikyurt).
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